Video 6tKcciB2AiQ

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Type Objective
Generated Feb 24, 2026 at 3:07 AM
Model gemini-3-flash-preview
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Key Insights

30 insights
1
Property operators must adapt procedures and information to remain compliant with changing regulatory mechanisms.
2
Introduction of Corey Freriedman to the Espas Moral podcast regarding Montreal commercial real estate.
3
Major reforms to Quebec multifamily rent increase rules were announced in 2025.
4
The methodology change for calculating rent increases is the first major reform to the framework in over 40 years.
5
The new calculation framework applies to multifamily units older than five years of construction.
6
Reform objectives include simplifying calculations, bridging the landlord-tenant gap, and reducing administrative backlogs at the TAL.
7
Current market conditions include slower leasing, higher vacancy rates, and declining rental rates in Montreal and across Canada.
8
Operators must weigh renewal negotiations against the total costs of vacancy, commissions, and unit turnover.
9
Previous calculation methods relied on comparing actual operating expenses against various annual prescribed rates.
10
The new method bundles multiple expense categories into a three-year rolling average of the Consumer Price Index (CPI).
11
The 2026 prescribed CPI rate for Quebec is 3.1% based on the 2023, 2024, and 2025 average.
12
Capital expenditure (CapEx) rules now cover structural, unit, common area, and efficiency-related improvements.
13
The allowable annual increase for CapEx is 5% of the cost, reflecting a 20-year amortization period.
14
Previous calculation frameworks resulted in 40 to 50-year amortization periods for capital improvements.
15
CapEx increases are calculated by dividing 5% of the cost by the specific number of units affected by the work.
16
Unit-by-unit calculation requirements increase the administrative burden on large-scale property owners.
17
Precise bookkeeping and invoice tagging by unit are essential for identifying eligible renewal expenses.
18
Property tax and insurance increases are only included in calculations if they exceed the prescribed CPI rate.
19
The three-year rolling CPI average is intended to flatten peaks and valleys in rent fluctuations.
20
Persistent disconnects between housing supply and demand drive long-term investment in multifamily assets.
21
B and C class assets maintain higher retention rates because tenants have few affordable market alternatives.
22
New construction assets face high vacancy as tenants move between buildings to secure lease-up promotions.
23
Vacancy rates are up across both new builds and older retrofitted assets (repeated).
24
New dwellings are exempt from rent control for five years to facilitate stabilization and financing conversion.
25
Market activity has begun to pick up following a slow leasing period during the fall and winter months.
26
Real estate investment focus should remain on long-term equity and tax deferral rather than short-term market shifts.
27
Compass property management software integrates operations and accounting data to streamline renewals.
28
Compass property management software is planning national expansion across Canada.
29
Property operators must adapt procedures and information to remain compliant with changing regulatory mechanisms (repeated).
30
Free tools and resources for calculating rent renewals are available via the Compass website and social media.
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